Guidelines on Revenue and Expenditure of Professional Service Fees and Management of State Funds
关于专业服务费收支及国家基金管理的指导意见
ຄຳແນະນຳ ກ່ຽວກັບການຄຸ້ມຄອງລາຍຮັບ-ລາຍຈ່າຍຄ່າບໍລິການທາງດ້ານວິຊາການ ແລະ ກອງທຶນຂອງລັດ
Summary
This guiding opinion of the Deputy Prime Minister and Minister of Finance regulates revenue use, account opening, planning, revenue management, expenditure management, and consolidated reporting for budget units with professional income and state funds under the unified treasury account system, effective from the date of signing, replacing Guiding Opinion No. 0727/Finance of 2010.
Articles
Article 1
Lao People's Democratic Republic
Peace Independence Democracy Unity Prosperity
Ministry of Finance
No. 00.18./Finance
Vientiane Capital, 2018 (the specific day/month of signing is not legible in the source scan; refer to the signing date in the official Lao gazette version)
Guidance
On the Management of Professional Service Fees and State Fund Revenue and Expenditure
Pursuant to the State Budget Law (Amended) No. 71/NA, dated December 16, 2015;
Pursuant to the State Property Law (Amended) No. 14/NA, dated July 5, 2012;
Pursuant to the Tax Law (Amended) No. 70/NA, dated December 15, 2015;
Pursuant to the Decree of the President on Fees and Service Charges No. 003/President, dated December 26, 2012.
The Deputy Prime Minister and Minister of Finance issues the following guidance:
Article 2
Purpose and Scope of Subjects
To serve as a basis for ministries, ministry-equivalent agencies, sectors, and state funds at the central and local levels that have specialized revenues, in managing, using, monitoring, and inspecting the implementation of revenues and expenditures, ensuring that revenues and expenditures comply with the budget plan approved annually by the National Assembly, and are in accordance with the Law on State Budget (Amended).
To ensure that the implementation of specialized revenue and expenditure budget plans and state funds is centralized through the state treasury deposit account system, achieving transparency, auditability, uniformity, and gradually moving towards self-sufficiency of budget units.
Article 3
Usage
All expenditures from specialized revenue funds must ensure no duplication with recurrent budget expenditures and comply with the national budget plan approved by the National Assembly.
Budget units with specialized revenue that are self-sufficient may use such revenue for various expenditures according to the budget classification, in the same manner as the execution of recurrent budgets.
For budget units with specialized revenue that are not yet self-sufficient, the following shall apply:
2.1. Recurrent administrative expenditures:
Recurrent administrative expenditures include: payment of labor costs (for non-civil servant personnel); water, electricity, and telephone charges; procurement of necessary materials and equipment to make the department's social services more convenient, efficient, and effective.
2.2. National investment expenditures:
Budget units intending to use specialized revenue for national investment expenditures must first ensure that sufficient budget is allocated for recurrent administrative expenditures as stipulated in Article 2.1, before using the revenue for investment. The investment projects must be necessary for serving the department or the public interest and must comply with the national investment procedures and regulations set by the Ministry of Planning and Investment.
2.3. National funds:
For national funds with specific usage objectives stipulated by decrees or regulations, such decrees or regulations shall apply; for national funds without specific usage objectives stipulated by decrees or regulations, this guidance shall apply.
National funds may be used to purchase national treasury bonds to generate interest income from the bonds as determined for each period.
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